GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » United Overseas Bank Ltd (OTCPK:UOVEF) » Definitions » Cyclically Adjusted PB Ratio

United Overseas Bank (United Overseas Bank) Cyclically Adjusted PB Ratio : 1.08 (As of May. 14, 2024)


View and export this data going back to 2009. Start your Free Trial

What is United Overseas Bank Cyclically Adjusted PB Ratio?

As of today (2024-05-14), United Overseas Bank's current share price is $22.05. United Overseas Bank's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was $20.44. United Overseas Bank's Cyclically Adjusted PB Ratio for today is 1.08.

The historical rank and industry rank for United Overseas Bank's Cyclically Adjusted PB Ratio or its related term are showing as below:

UOVEF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.95   Med: 1.35   Max: 1.85
Current: 1.12

During the past 13 years, United Overseas Bank's highest Cyclically Adjusted PB Ratio was 1.85. The lowest was 0.95. And the median was 1.35.

UOVEF's Cyclically Adjusted PB Ratio is ranked worse than
63.77% of 1184 companies
in the Banks industry
Industry Median: 0.935 vs UOVEF: 1.12

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

United Overseas Bank's adjusted book value per share data of for the fiscal year that ended in Dec23 was $20.749. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $20.44 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


United Overseas Bank Cyclically Adjusted PB Ratio Historical Data

The historical data trend for United Overseas Bank's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

United Overseas Bank Cyclically Adjusted PB Ratio Chart

United Overseas Bank Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.34 1.09 1.16 1.21 1.06

United Overseas Bank Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.16 - 1.21 - 1.06

Competitive Comparison of United Overseas Bank's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, United Overseas Bank's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


United Overseas Bank's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, United Overseas Bank's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where United Overseas Bank's Cyclically Adjusted PB Ratio falls into.



United Overseas Bank Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

United Overseas Bank's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=22.05/20.44
=1.08

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

United Overseas Bank's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, United Overseas Bank's adjusted Book Value per Share data for the fiscal year that ended in Dec23 was:

Adj_Book=Book Value per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=20.749/129.4194*129.4194
=20.749

Current CPI (Dec23) = 129.4194.

United Overseas Bank Annual Data

Book Value per Share CPI Adj_Book
201412 13.636 99.070 17.813
201512 13.638 99.792 17.687
201612 13.997 101.863 17.784
201712 16.464 104.011 20.486
201812 16.482 105.998 20.124
201912 17.514 108.420 20.906
202012 18.351 109.897 21.611
202112 18.702 117.630 20.576
202212 19.157 125.222 19.799
202312 20.749 129.419 20.749

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


United Overseas Bank  (OTCPK:UOVEF) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


United Overseas Bank Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of United Overseas Bank's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


United Overseas Bank (United Overseas Bank) Business Description

Traded in Other Exchanges
Address
80 Raffles Place, UOB Plaza, Singapore, SGP, 048624
United Overseas Bank is a diversified financial institution based in Singapore. Its regional reach spans Greater China and Southeast Asia. Key countries include Malaysia, Thailand, and Indonesia. Singapore, its core market, makes up around 50% of its total assets. The group offers a wide range of services, including consumer, commercial and corporate, and investment banking; corporate finance; treasury services; and wealth management, insurance, and brokerage services.

United Overseas Bank (United Overseas Bank) Headlines

From GuruFocus

Bernard Horn Comments on United Overseas Bank

By Holly LaFon Holly LaFon 04-16-2018

Bad Loans Overshadow United Overseas Bank's 12% Profit Increase

By Jacob Maslow Jacob Maslow 11-07-2017

United Overseas Bank's Profit Jumped 40% in 2021

By Howard Riell 02-16-2022